Cetera Investment Advisers Sells 8,869 Shares of American Homes 4 Rent (NYSE:AMH)

Cetera Investment Advisers lessened its stake in American Homes 4 Rent (NYSE:AMH) by 35.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,282 shares of the real estate investment trust’s stock after selling 8,869 shares during the quarter. Cetera Investment Advisers’ holdings in American Homes 4 Rent were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. GF Fund Management CO. LTD. lifted its position in shares of American Homes 4 Rent by 5.1% in the first quarter. GF Fund Management CO. LTD. now owns 6,288 shares of the real estate investment trust’s stock worth $238,000 after purchasing an additional 304 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of American Homes 4 Rent by 0.4% in the first quarter. Arizona State Retirement System now owns 96,005 shares of the real estate investment trust’s stock valued at $3,630,000 after purchasing an additional 366 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of American Homes 4 Rent by 1.1% in the first quarter. Avantax Advisory Services Inc. now owns 34,995 shares of the real estate investment trust’s stock valued at $1,323,000 after acquiring an additional 391 shares in the last quarter. Tidal Investments LLC grew its stake in shares of American Homes 4 Rent by 2.8% in the fourth quarter. Tidal Investments LLC now owns 16,926 shares of the real estate investment trust’s stock valued at $633,000 after acquiring an additional 469 shares in the last quarter. Finally, Ossiam lifted its position in American Homes 4 Rent by 1.4% during the fourth quarter. Ossiam now owns 32,972 shares of the real estate investment trust’s stock worth $1,234,000 after purchasing an additional 470 shares during the period. Institutional investors and hedge funds own 91.87% of the company’s stock.

American Homes 4 Rent Stock Up 0.6%

Shares of AMH opened at $34.79 on Friday. American Homes 4 Rent has a 52 week low of $31.68 and a 52 week high of $41.41. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 2.93 and a beta of 0.72. The stock’s 50-day moving average price is $35.78 and its 200-day moving average price is $36.25.

American Homes 4 Rent (NYSE:AMH) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. American Homes 4 Rent had a return on equity of 5.60% and a net margin of 23.72%. The business had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $451.50 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that American Homes 4 Rent will post 1.85 EPS for the current year.

Insider Activity at American Homes 4 Rent

In other news, Director Jack E. Corrigan purchased 4,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was acquired at an average cost of $22.93 per share, for a total transaction of $91,720.00. Following the completion of the transaction, the director directly owned 15,000 shares in the company, valued at approximately $343,950. This represents a 36.36% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 6.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of American Homes 4 Rent from $39.00 to $40.50 and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Evercore ISI raised their price objective on shares of American Homes 4 Rent from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Raymond James Financial increased their target price on American Homes 4 Rent from $39.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, May 9th. Wall Street Zen raised shares of American Homes 4 Rent from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Finally, Citigroup cut American Homes 4 Rent from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday, June 6th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.97.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.